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CHASE MANHATTAN BANK v. TRAFFIC STREAM (BVI)

No. 99 CIV. 4056(SAS).

86 F.Supp.2d 244 (2000)

THE CHASE MANHATTAN BANK, as Indenture Trustee, under the Indenture, Dated as of May 6, 1998, Plaintiff, v. TRAFFIC STREAM (BVI) INFRASTRUCTURE LIMITED, Defendant.

United States District Court, S.D. New York.

February 2, 2000.

Attorney(s) appearing for the Case

Sarah L. Reid, Ari J. Glazer, Kelley, Drye & Warren LLP, New York City, for Plaintiff.

George A. Zimmerman, Shmuel Vasser, Skadden, Arps, Slate, Meagher & Flom LLP, New York City, for Defendant.

OPINION AND ORDER

SCHEINDLIN, District Judge.

This is a diversity contract action arising out of a high-yield debt instrument. On May 6, 1998, plaintiff Chase Manhattan Bank ("Chase"), acting as Trustee, and defendant Traffic Stream (BVI) Infrastructure Limited ("Traffic Stream") entered into an Indenture Agreement (the "Indenture") pursuant to which defendant issued 14¼ percent Senior Secured Notes (the "Notes") in an aggregate amount of $119...

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